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Margaritaville Group reports decline in earnings

Margaritaville Group is reporting reduced earnings for the six-month period ending November 30 last year.
     
Earnings fell marginally largely because revenues fell in the group's second quarter.
     
Margaritaville said a total of 22 ship calls were cancelled at its Turks and Caicos Islands (TCI) location, the highest recorded for any one quarter.
      
As a result, revenues fell US$656,000 in the second quarter with the TCI location accounting for $450,000 of that amount.



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